from
Vendors' Attorney
to Purchasers'
Attorney
Dear Sirs,
re:___
1. We act for
our client AB, the vendor.
2. Our client
and your client, Mr. CD, entered into an
Agreement for Sale on the 2nd January 1986, for
selling the above property for Rs. 1000000/-
3. Clause 2 of
the said agreement provided, interalia that the
sale shall be completed within 3 months from the
date of execution of the Agreement and that the
parties would be entitled on or after the
expiration of the said period on 15 days notice
in writing, to make time the essence of the
contract.
4. On the 10th
of January 1986, we delivered to you the title
deeds relating to the said property for the
purpose of examining the title thereto on
exchange for an accountable receipt.
5. On 2nd
February 1986, you raised requisition on title
and we returned the requisition duly answered on
15th February 1986. Nothing now remained to be
done.
6. On the 15th
March 1986 you forwarded to us a draft of the
Deed of Conveyance. By our letter of 25th March
1986 we returned the draft of the Deed of
Conveyance duly approved by us.
7. On 15th
April 1986, we wrote a letter to you calling upon
to fix a date for the completion of the sale and
for signing the Deed of Conveyance. Since no
reply was received, we sent you a reminder on the
2nd of May 1986.
8. We have now
to give you notice, as we hereby do, to complete
the sale and to pay to our clients the
consideration sum of Rs. 900000 within 30 days of
receipt hereof, time being the essence of the
contract. Please take notice that if your client
does not complete the sale within the said
specified period mentioned above then our client
shall forfeit the sum of Rs. 100000 which has
been paid by your client to our client as advance
without any further reference to you.
Yours
faithfully,
sd/-
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